FTAI Aviation (NASDAQ:FTAI) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $177.21 and traded as high as $180.87. FTAI Aviation shares last traded at $180.27, with a volume of 3,209,878 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BTIG Research reduced their target price on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Morgan Stanley dropped their price objective on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Friday, October 30th. Finally, Barclays lowered their price objective on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $304.38.

FTAI Aviation Stock Performance

The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. The stock has a market capitalization of $18.52 billion, a P/E ratio of 36.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.55. The company has a fifty day moving average of $177.21 and a two-hundred day moving average of $230.04.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.12. FTAI Aviation had a net margin of 15.46% and a return on equity of 135.72%. The firm had revenue of $977.66 million for the quarter. During the same period last year, the company posted $1.10 earnings per share. The business’s revenue was up 46.6% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 5.37 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Tuesday, November 10th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. FTAI Aviation’s dividend payout ratio (DPR) is presently 40.57%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FTAI. King Luther Capital Management Corp bought a new stake in FTAI Aviation during the third quarter worth about $59,682,000. Renaissance Technologies LLC acquired a new stake in FTAI Aviation in the first quarter valued at $52,160,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in FTAI Aviation during the third quarter worth about $32,018,000. National Pension Service boosted its stake in FTAI Aviation by 3,066.6% during the 2nd quarter. National Pension Service now owns 185,245 shares of the financial services provider’s stock valued at $50,114,000 after purchasing an additional 179,395 shares during the period. Finally, Weybosset Research & Management LLC bought a new stake in shares of FTAI Aviation during the 3rd quarter worth about $20,086,000. 88.96% of the stock is owned by institutional investors.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.